9 Nov 2012 19:08

NOVATEK board of directors approves acquisition of 49% of Northgas

MOSCOW. Nov 9 (Interfax) - The board of directors of gas major NOVATEK has unanimously approved the acquisition of a 49% stake in CJSC Northgas, NOVATEK said in a press release.

"All of the necessary corporate approvals have been received to effectively close the deal, as well as receiving the tentative agreement from the Federal Antimonopoly Service of the Russian Federation approving the transaction and Gazprom's waiver of its pre-emptive rights to acquire the stake," it said.